UPDATE: Mexican Court Confirms Defiance Ownership of the Tepal Project ***This Release has been updated to include the date the court judgement was issued.
UPDATE: Mexican Court Confirms Defiance
Ownership of the Tepal Project
***This Release has been updated to include the date the court judgement was issued.
Vancouver, British Columbia--(Newsfile Corp. - February 15, 2024) - Defiance Silver Corp. (TSXV:
DEF) (FSE: D4E) (WKN: A1JQW5) ("
Defiance
" or the "
Company
") is pleased to report the favorable
ruling of the Mexican Court, dated February 13, 2024,
to restore its rightful ownership to the mining
concessions forming part of the Tepal Project. In June 2022, after having been made aware that certain
mineral concessions had been illegally and fraudulently transferred to a third party individual without the
Company's knowledge or consent (see new release dated June 24, 2022 for the original
announcement), the Company commenced legal procedures in Mexico to contest and nullify this illegal
transfer.
In its judgement, the Court notably confirmed the nullity of the transfer of the concessions, ordered the
cancellation of the such transfer title and recognized Geologix Explorations Mexico, S.V de C.A, a
subsidiary of the Company, as legitimate and the rightful owner of the concessions. The judgement will
be fully enforceable at the expiration of a 9-day appeal process expiring on February 27, 2024.
Chris Wright, Chairman & Chief Executive Officer declared: "
We had always remained confident
throughout the judicial process that our rightful ownership rights would be restored. We also
understood that the process would take some time as we
commenced the legal proceedings in
Mexico. Our patience and perseverance has paid off and we are looking forward to advancing this
exceptional copper-gold project.
"
About Defiance Silver Corp.
Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company
advancing the district-scale Zacatecas project, located in the historic Zacatecas Silver District and the
Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine
developers with a track record of exploring, advancing, and developing several operating mines and
advanced resource projects. Defiance's corporate mandate is to expand the San Acacio and Tepal
projects to become premier Mexican silver and gold deposits.
On behalf of Defiance Silver Corp.
"Chris Wright"
CEO & Chairman of the Board
For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at
www.defiancesilver.com
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Tel: +1 (604) 343-4677
Email:
Disclaimer
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/198050